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Cohesity

Enterprise AI Data SecurityFounded 2013
Reviewed by Swet Parvadiya
Company data updated: November 2026

Acquisitions

Cohesity Acquisitions

2

Major Deals Covered

$3.0B

Disclosed Deal Value

What are Cohesity's biggest acquisitions?

Cohesity's largest disclosed acquisition here is Veritas Data Protection Business for $3B in 2024. This page covers 2 major deals from 2019 to 2024, each with its price where disclosed and the reason behind it.

Major deals covered
2
Largest deal
Veritas Data Protection Business ($3B)
First deal
2019
Most recent
2024
CompanyYearPricePurpose
Veritas Data Protection Business2024$3.0BAcquired Veritas Technologies' enterprise data protection business (including NetBackup, NetBackup appliances, and Veritas Alta) from The Carlyle Group to create the world's largest enterprise data security powerhouse.
Imanis Data2019$45.0MAcquired pioneering NoSQL, Hadoop, and modern distributed database backup startup to expand Cohesity's data protection capabilities to modern distributed data architectures.
What companies has Cohesity bought?
Major acquisitions by Cohesity documented here include Veritas Data Protection Business (2024) and Imanis Data (2019).
What is Cohesity's most recent acquisition?
The most recent Cohesity acquisition documented here is Veritas Data Protection Business, in 2024, for $3B.

Veritas Data Protection Business

2024

$3.0B

Why

Acquired Veritas Technologies' enterprise data protection business (including NetBackup, NetBackup appliances, and Veritas Alta) from The Carlyle Group to create the world's largest enterprise data security powerhouse.

Impact

Instantly expanded Cohesity's enterprise scale to over 10,000 customers (including 96 of the Fortune 100), vaulted pro forma annual recurring revenue past $1.6 billion, and combined Cohesity's web-scale cloud-native architecture with Veritas's global enterprise footprint.

Outcome

Created a dominant market leader in hybrid cloud data resilience, enabling seamless migration of legacy NetBackup workloads onto Cohesity Data Cloud while retaining deep enterprise operational stability.

Source →

Imanis Data

2019

$45M

Why

Acquired pioneering NoSQL, Hadoop, and modern distributed database backup startup to expand Cohesity's data protection capabilities to modern distributed data architectures.

Impact

Integrated native backup, instant recovery, and multi-cloud mobility for MongoDB, Apache Cassandra, Couchbase, and Apache Hadoop directly into Cohesity DataProtect.

Outcome

Strengthened Cohesity's technical differentiation in protecting next-generation cloud-native microservices, big data pipelines, and distributed enterprise databases.

Source →

Cohesity's Growth & Acquisition Strategy

Under CEO Sanjay Poonen, Cohesity is pursuing four strategic growth imperatives: (1) Executing the Veritas Integration Playbook: Harmonizing the Cohesity and Veritas product roadmaps, cross-selling Cohesity Data Cloud into Veritas's massive Global 2000 customer base, and modernizing legacy NetBackup environments; (2) Scaling Cohesity Turing Generative AI: Partnering with NVIDIA, Microsoft, and Google Cloud to enable enterprise customers to securely run large language models (LLMs) over their proprietary secondary data reserves; (3) Expanding Zero Trust Cyber Resilience with FortKnox: Driving enterprise adoption of FortKnox cloud cyber vaulting as boards of directors demand mathematically proven ransomware recovery plans; and (4) Deepening Hyperscaler Cloud Marketplace Integrations: Co-selling through AWS, Microsoft Azure, and Google Cloud marketplaces, allowing enterprise clients to utilize their committed cloud spending commitments to purchase Cohesity software.

How Cohesity Makes Money

Cohesity operates a high-growth software and SaaS subscription business model with strong annual recurring revenue (ARR) visibility and high enterprise expansion rates: (1) Cohesity Data Cloud Software Subscriptions (~75% of revenue), billed annually on a capacity or workload basis, providing automated backup, instant mass recovery, disaster recovery orchestration, and file/object services across hybrid clouds; (2) Cohesity Cloud Services SaaS (~15% of revenue), fully managed Backup-as-a-Service (BaaS) and Disaster-Recovery-as-a-Service (DRaaS) hosted on AWS and Microsoft Azure; and (3) Advanced AI & Security Add-Ons (~10% of revenue), which monetizes Cohesity FortKnox (isolated cyber vaulting SaaS), Cohesity Turing (generative AI search and risk analytics), and Cohesity DataHawk (threat intelligence and data classification). Following the Veritas transaction, Cohesity's combined enterprise platform manages hundreds of exabytes of data across more than 10,000 corporate customers.

Cohesity Acquisitions FAQ

What is Cohesity's general approach to M&A and acquisitions?

Cohesity pursues a disciplined, strategic M&A approach focused on acquiring proprietary technologies, expanding customer distribution reach, and unlocking operational cost synergies rather than pursuing unselective scale.

What were some of the most transformative acquisitions completed by Cohesity?

Transformative transactions in Cohesity's history include pivotal mergers and acquisitions that secured key regional footprints, consolidated core market share, and brought proprietary software intellectual property in-house.

How does Cohesity successfully integrate acquired companies?

Cohesity deploys dedicated integration teams to harmonize core software stacks, align regulatory compliance systems, and unite company cultures while preserving entrepreneurial agility.

Does Cohesity divest non-core corporate assets?

Yes, Cohesity periodically evaluates its corporate portfolio, strategically divesting non-core or non-strategic assets to redeploy capital into high-margin core operational divisions.

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Content is for informational purposes only. Not financial advice. Data sourced from SEC filings, annual reports, and public records. See our full disclaimer and methodology.